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[Ferro-Alloys.com] Completion Of Sale Of 60% Equity Interest In Subsidiary Om Materials (Qinzhou) Co Ltd

The Board of OM Holdings Limited (ASX:OMH | BURSA:OMH-5298) (“OMH” or the “Company”), is pleased to announce that OM Materials (S) Pte. Ltd. (“OMS”), a wholly-owned subsidiary of OMH, has successfully completed the settlement pursuant to the conditional Sale and Purchase Agreement (“Sale and Purchase”) announced on 27 August 2025, in respect of its 60% equity interest in OM Materials (Qinzhou) Co., Ltd. (“OMQ”) to Shaanxi Sinian Metal & Mining Co., Ltd (“Shaanxi Sinian Metal”).

Under the Sale and Purchase along with the addendum signed on 26 August 2025, the transfer of the 60% equity interest in OMQ to Shaanxi Sinian Metal has been completed following the receipt of a RMB 108 million (approximately USD 15.1 million) deposit. OMS now retains a 40% equity interest in OMQ, allowing continued strategic participation in the business going forward. The total cash consideration of approximately RMB 120 million (approximately USD 16.7 million) from the sale proceeds will be applied towards the Company’s general working capital requirements. The remaining balance of the sale proceeds is expected to be received by end November 2025.

Commenting on the sale completion, Mr Low Ngee Tong, Executive Chairman and Chief Executive Officer of OMH said: “We are pleased to have completed the part sale of OMQ, an important strategy to strengthen our balance sheet while maintaining our presence in the ferroalloy market in China. This transaction also marks the beginning of a new partnership with Shaanxi Sinian Metal, and we are eager to explore the joint opportunities ahead.”

• [Editor:tianyawei]